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Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

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Share Price: 0.325
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Change: 0.025 (8.33%)
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TRADING UPDATES: Proteome set for profit rise; Kromek expects loss

Mon, 16th May 2022 16:20

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Proteome Sciences PLC - Drug development services provider - For 2021, records adjusted earnings before interest, tax, depreciation and amortisation of GBP1.4 million, nearly doubling from GBP720,000, driven by gaining a record number of contracts including an order in excess of GBP1 million. Due to strong order book and cash position, company's board has increased confidence in 2022 profit growth.

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Kromek Group PLC - Sedgefield, England-based detection technology supplier - For the year ended April 30, expects revenue to grow 16% at GBP12.1 million from GBP10.4 million, however, due to supply chain issues preventing the completion of certain orders, the company expects to post an adjusted loss before interest, tax, depreciation and amortisation of GBP1.2 million. Looking further ahead, company expects revenue growth for the year ending April 30, 2023.

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Cora Gold Ltd - West Africa-focused gold explorer - For 2021, pretax loss narrows to USD1.8 million from USD727,000 the year before, as a result of higher overhead costs and an impairment charge of USD466,000 on intangible assets. "Cora is well placed to continue to discover and define economic gold and add shareholder value as we near the completion of the Sanankoro DFS. I would like to thank Cora's shareholders for their continued strong support during this exciting period, as demonstrated by their participation in the company's two fundraises in 2021," says Chief Executive Officer Bert Monro.

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Metals Exploration PLC - mineral resource exploration and development company with assets in the Philippines - For 2021, pretax profit rises 20% to USD11.3 million from USD9.4 million the year before, on revenue which grows 6.3% to USD129.8 million from USD122.1 million. In the year, gold output rises 8.4% year-on-year to 73,206 ounces from 67,552 ounces, and average fold recovery improves to 84.5% from 72.2%. Looking ahead, proposes capital reorganisation, which includes sub-division of each existing share into one new and one deferred, and a capital reduction as deferred shares are cancelled and share premium account.

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Horizonte Minerals PLC - nickel company focused on Brazil - For the first quarter of 2022, swings to pretax profit of USD4.5 million from loss of USD1.4 million, mostly through a gain on foreign exchange. Expects first revenue in 2024, and project development work in ongoing, with a significant ramp-up in activity expected over the coming months amid move into dry season.

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Ocean Wilsons Holdings Ltd - Bermudian investment company, operating through Wilson Sons Ltd - For the first quarter of 2022, Wilson Sons reports Ebitda at USD45.9 million, up 9.5% from USD41.9 million, on revenue which grows 9.6% year-on-year to USD101.4 million from USD92.5 million, as a result of strong towage revenue, benefiting from an improved mix and resilient volumes. Total containers moved however drop 15% at 161,500 TEUs from 189,300 TEUs.

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Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - For 2021, Lbitda widens further to USD8.5 million from USD3.6 million, due to a loss in the fair value of Gold Stream and a foreign exchange loss, more than offsetting 16% growth in revenue to USD28.2 million from USD24.3 million. Looking ahead, for 2022 Rambler is targeting to delivery of 7,000 tonnes of saleable copper, and to complete up to 17,000 metres of in-fill drilling.

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JPMorgan Multi-Asset Growth & Income PLC - investment firm - For the year ended February 28, achieves total return of 8.1%, beating the 6.0% return from the company's reference index. Reference index comprises the Libor one-month sterling rate of 0.3% plus 4.5% per annum. As at February 28, net asset value per share increases 4.0% to 106.7 pence from 102.5p the same date a year prior.

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Genflow Biosciences PLC - London-based biotechnology company - As at May 13, has net cash of GBP3.6 million, granting company 2.5 years of working capital. In addition, gains non-dilutive research award from Wallonia, Belgium allowing for further extension of cash runway to support commercialisation activities.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Sep 2023 10:31

Horizonte Minerals co-founder & former chair David Hall dies

(Alliance News) - Horizonte Minerals PLC on Tuesday said David Hall, its co-founder & former chair, has died.

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24 Aug 2023 12:31

Horizonte Minerals hires operations manager for Araguaia nickel site

(Alliance News) - Horizonte Minerals PLC said it hired an operations manager for the Araguaia nickel project in Brazil.

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24 Aug 2023 11:27

Horizonte Minerals appoints Brazil mining veteran to Araguaia

(Sharecast News) - Nickel developer Horizonte Minerals announced the latest addition to its executive team on Thursday, with the appointment of Fernando Marino as the operations director of the Araguaia Nickel Project in Brazil.

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17 Aug 2023 15:07

Horizonte reports first-half progress at Araguaia

(Sharecast News) - Brazil-focussed nickel developer Horizonte Minerals said in its interim report on Thursday that construction of the Araguaia nickel project line one was progressing at a steady pace, confirming that it was on track for inaugural metal production by the first quarter of 2024.

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17 Aug 2023 11:23

Horizonte Minerals widens loss but Araguaia construction going well

(Alliance News) - Horizonte Minerals PLC on Thursday reported another loss in its latest half year, but said construction and studies at its Araguaia nickel project are continuing to make good progress.

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3 Aug 2023 14:43

IN BRIEF: Horizonte says Araguaia project more than half-way complete

Horizonte Minerals PLC - Nickel company developing two assets in Brazil - Says Araguaia nickel project line one constriction activities have continued to make good progress, with 65% of overall construction completed as of June 30. Says first metal output is on schedule for the first quarter of 2024. Adds around USD329 million has been spent on Araguaia. Notes Araguaia nickel project line two feasibility study, which aims to double nickel production by to 29,000 tonnes, will be published later this year.

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6 Jul 2023 15:11

Horizonte gets mining approval for Araguaia project

(Sharecast News) - Brazil-focussed nickel company Horizonte Minerals has obtained a mining approval permit from the Pará State Secretariat for Environment and Sustainability (SEMAS) for its Araguaia Nickel Project, it announced on Thursday.

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6 Jul 2023 14:19

IN BRIEF: Horizonte Minerals wins approval for Araguaia nickel project

Horizonte Minerals PLC - Nickel company developing two assets in Brazil - Receives its mining approval permit for its wholly-owned Araguaia nickel project in Brazil. The approval was issued by the Para State Secretariat for Environment & Sustainability and allows Horizonte to begin its mining activities, with initial work underway to establish ore stockpiles on the ROM pad ahead of the commissioning phase.

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29 Jun 2023 20:15

TRADING UPDATES: Pittards to raise GBP1.5 million as aims to refinance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News:

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15 Jun 2023 14:23

IN BRIEF: Horizonte Minerals says Araguaia project under construction

Horizonte Minerals PLC - Nickel company developing two assets in Brazil - Says as of May 31, the Araguaia Nickel project is 58% complete. Says multiple construction work fronts are now open, including the primary and secondary crushers, homogenisation building, dryers, rotary kiln, electric arc furnace, 230 kilovolt power line, and power substation. In April, the firm said it remained on-budget with 90% of the total capital awarded as at March 31.

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23 May 2023 17:16

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Apr 2023 19:21

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Horizonte's Araguaia remains on-budget and on-schedule

(Sharecast News) - Horizonte Minerals said on Monday that the construction of the Araguaia Nickel Project remained on-budget and on-schedule.

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